Loews Corp.

Loews Corporation is the parent of Lorillard Tobacco Co.,Inc., in New York and owns Loews Hotels and the Bulova watch company. Lorillard manufactures Newport and Newport Menthol cigarette brands, which account for 90% of its income.

= Description =

Loews is a Delaware corporation with its principal office and place of business at 667 Madison Avenue, New York. Loews was formed in 1969. Loews Corp. is a holding company with wholly-owned subsidiaries including Lorillard Tobacco Co.. Loews took over Lorillard in the late 1960s. .

Loews has an office at 1 Park Avenue, New York 10016. . As of May 1994, Lorillard Tobacco Company was a wholly-owned subsidiary of Lorillard Inc., and Lorillard Inc. was a wholly-owned subsidiary of Loews. .

As of May 1994, principal subsidiaries of Loews Hotels Holding Corp were Bulova Corp. and Diamond M-Odeco Drilling Inc..

In June, 2008, the wealthy Tisch family, owners of the Loews Corporation, spun off Lorillard into a free-standing unit, thereby divesting the family of all its tobacco holdings.

Loews Corporation, "a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are listed below.


 * CNA Financial Corporation (90 percent owned) is one of the largest commercial property-casualty insurance companies in the United States.
 * Diamond Offshore Drilling, Inc. (51 percent owned) is one of the world's largest offshore drilling companies, offering comprehensive drilling services to the energy industry around the world. The company owns and operates 44 offshore drilling rigs.
 * HighMount Exploration & Production LLC (100 percent owned) is engaged in exploration and production of natural gas. HighMount's primary holdings are located in the Permian Basin in Texas, the Antrim Shale in Michigan and the Black Warrior Basin in Alabama.
 * Boardwalk Pipeline Partners, LP (70 percent owned) is engaged in the operation of interstate natural gas pipeline systems.
 * Loews Hotels (100 percent owned) is one of the country's top luxury lodging companies. It owns and operates hotels and resorts in the United States and Canada."

Corporate Officers
Accessed November 2008:


 * James S. Tisch - Office of the President, President and Chief Executive Officer
 * Andrew H. Tisch - Office of the President, Co-Chairman of the Board, and Chairman of the Executive Committee
 * Jonathan M. Tisch - Office of the President, Co-Chairman of the Board, and Chairman and Chief Executive Officer, Loews Hotels
 * David B. Edelson - Senior Vice President
 * Gary W. Garson - Senior Vice President, Secretary and General Counsel
 * Herbert C. Hofmann - Senior Vice President
 * Peter W. Keegan - Senior Vice President, Chief Financial Officer
 * Arthur L. Rebell - Senior Vice President
 * Susan Becker - Vice President, Tax
 * Robert F. Crook - Vice President, Internal Audit
 * Lisa Hess - Vice President, Chief Investment Officer
 * Alan Momeyer - Vice President, Human Resources
 * Jonathan Nathanson - Vice President, Corporate Development
 * Audrey A. Rampinelli - Vice President, Risk Management
 * John J. Kenny - Treasurer
 * Mark S. Schwartz - Controller

Contact

 * Web: http://www.loews.com

Related Sourcewatch articles

 * BGR Holdings LLC
 * Paul Fribourg
 * John Brademas
 * National Association of Manufacturers
 * Testimony of Laurence Tish by CNA and the Department of Insurance
 * Bulova Technology
 * Bulova Watch Company
 * CNA Financial Corporation
 * Leonard Pollack
 * Roy E. Posner
 * William Duffy

Tisch family members:
 * Andrew H. Tisch
 * Preston R. Tisch
 * Laurence Tisch
 * James S. Tisch
 * Jonathan Tisch